Don't compare balanced advantage funds with FDs, debt mutual funds

If some mutual fund advisors and bank sales force are to be believed, balanced advantage funds are the safest investment option in the mutual fund universe. Balanced advantage funds (or BAFs, as they are known among mutual fund advisors) are sold as a perfect alternative to fixed deposits these days. False promise of 10 per cent returns and regular dividends are touted as added advantage. Add to that dynamic rebalancing of the equity portion and lower taxes (mercifully, these claims are true), a ..

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